NEW YORK, Sunday, August 04, 2024 – The market for tokenized real-world assets (RWAs) has reached $8 billion in total value locked (TVL) this year, according to blockchain analytics firm Messari.
These digital tokens, representing physical assets such as real estate, art, and commodities, are playing a growing role in promoting sustainability alongside their impact on traditional finance.
This however comes amidst charges of greenwashing, where companies make misleading claims about their environmental impact
A study by Zippia found that 72% of North American and 58% of global companies admit to such practices. See the report here.
VeChain, a business in blockchain solutions says the tokens would create global liquidity and transparency for assets tied to sustainability, making it easier for enterprises to meet regulatory objectives and report their environmental impact accurately.
In the meanwhile Dimitra, a technology platform supporting smallholder farmers, claimed it had utilized tokenized RWAs to digitize 10,000 avocado trees on the Polygon blockchain in partnership with OMA.
Detail OMA can be reached here.
This project includes comprehensive real-world data, offering farmers advanced tools to monitor crops, optimize yields, and assess quality while enhancing transparency.
Building on this success, Dimitra plans to expand its RWA initiatives to Roraima, Brazil, through the Amazon Cacao Project.
Messari is a leading blockchain analytics and research firm that provides data insights and analysis on the cryptocurrency and digital assets market. VeChain, known for its focus on enhancing transparency and sustainability, is a blockchain platform specializing in supply chain management and business processes. Zippia, a career information platform, offers data and insights on job trends, workplace culture, and company practices. Dimitra is a technology platform designed to support smallholder farmers, offering blockchain-based tools to improve agricultural practices and promote sustainability.
